Life Cover
Life Assurance pays out a cash amount upon the death of the
policyholder. The amount paid out will vary depending on the options
chosen for your cover and will either be a pre-agreed fixed amount
or a decreasing amount designed to cover mortgages or liabilities.
Life Assurance is usually taken to ensure that your family could, if
you were to die, pay off any outstanding mortgages or debts, pay for
your funeral and maintain a good standard of living similar to that
which they experienced before your death